U.S.A Donald Trump signed an establishment for strategic Bitcoin reserve in his first crypto summit. Which was held at the Oval Office of the White House on Thursday, March 06, 2025, in Washington DC. This reserve will create more possibilities for the government to buy Bitcoin.
The U.S. commerce and treasury secretaries “are authorized to develop budget-neutral strategies for acquiring additional bitcoin, provided that those strategies impose no incremental costs on American taxpayers,” a factsheet on the White House website. Furthermore, This reserve is being set up, and the government formally recognizes Bitcoin as a means of protecting and possibly expanding economic viability while providing security in potentially unstable financial conditions. The plan includes assets like Ethereum, Solana, XRP, and Cardano.“The U.S. will not sell any bitcoin deposited into the Reserve. It will be kept as a store of value. The Reserve is like a digital Fort Knox for the cryptocurrency often called ‘digital gold’,” Sacks said.
Impact Of Donald Trump’s Summit On Future Crypto Regulation
Many industry players see Donald Trump’s upcoming Crypto Summit on March 7, 2025, as a key event for the market.
“The event is expected to focus on establishing a federal regulatory framework that fosters innovation while providing investors maximum protection. We may see announcements on token classification, tax incentives, and reduced enforcement actions—each of which could shift institutional sentiment,” said Ryan Lee, Chief Analyst at Bitget Research.
However, Lee added that the summit could provide more clarity on the role of the U.S. Crypto Strategic Reserve, including potential future acquisitions and guidelines for securities laws. “A successful summit could see Bitcoin reclaim $100K, while a lack of actionable steps might disappoint investors, leading to volatility.”
The president’s support for the crypto industry has also sparked conflict-of-interest concerns. The family of The President has launched cryptocurrency meme coins, Donald Trump also holds a stake in World Liberty Financial.
